Each tree can produce 10 tonnes of fresh fruit bunches per hectare. On average 3.9 tonnes of crude palm oil and 0.5 tonnes of palm kerneloil can be extracted per hectare.
Sarawak losing wood market share to Indonesia, WTK says
BUSINESS Tuesday, 09 Jun 2020
KUCHING: Sarawak is gradually losing its logs and plywood market shares in key India and Japan markets as it could not compete with Indonesia and some other Asean timber producing countries. According to WTK HOLDINGS BHD
, Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received.
When u curtailed log production that means u r conserving resources for future valuable use mah...!!
Just like gold it always appreciate over time mah...!!
Posted by Mikecyc > Jun 23, 2020 3:19 PM | Report Abuse
Lumber decreased 52.10 USD/1000 board feet or 12.81% since the beginning of 2020, 354.60 USD/1000 board feet according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.
Lumber is expected to trade at 332.30 USD/1000 board feet by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trader at 273.47 in 12 months time.
Timber companies have complained that their production costs have spiralled further due to increase in minimum wages as logging and plywood manufacturing are labour intensive
India is traditional key importer of Sarawak round logs and lumber products for decades.According to WTK, all woodworking industries in India have stopped operations due to the lockdown measures to manage the pandemic. On its plywood business, WTK said its revenue had dropped by 11% in 1Q2020 from a year ago as the average selling prices of plywood products had declined about 15% during the same period due to price competition from Indonesian and Japanese plywood producers.
Q2 : April to June will be worst due to MCO , CMCO , RMCO . IDSS n PDT are suspended since end March to June 2020 . Housing loan and car loan payment is postponed until September2020 . Wait for the 2nd Q GDP result.
Wtk plantation are new means tree increasing growing yield going forward
The land near miri...thus can enjoy benefit of both world...with palmoil harvest with potential land appreciation over time bcos of commercial & property development in future mah....!!
Posted by Mikecyc > Jun 23, 2020 3:18 PM | Report Abuse
The new purchased plantation is under lease to be expire on 14/3/2061 .
Miri did land reclamation project under Samling group ..renewal of lease is a Big ? mark ....
It takes about four years for oil palms to produce fruits suitable for harvest. Each tree will then continue to produce fruit for up to 30 years, at which point they will have grown to around 40 feet tall.
## The 4,698.2 ha leasehold land is located within Miri Division. The lease will expire on March 14, 2061.
WTK said a total of 3,390 ha of the land has been planted between 2012 and 2014, while another 1,123 ha is considered as unplantable area.
There i told u...i told u...Wtk up more today mah...!!
Owner still buying mah....!!
Trust the owner they are buying loh....!!
buy the land as plantation at reasonable cheap price but in 15 years time this land can be integrated into Miri district bcos of its close proximity mah...!!
Just like sepang, putrajaya, puchong & rawang are integrated to Klang valley loh...!!
At the mean time u just enjoy the fruits of palm oil harvest mah..!!
Think strategic for wtk loh...!!
1. It has Rm 377m cash more than topgloves. 2. Its plantation land very valuable quite close to MIRI which a long term realty opportunity mah...!! 3. Its palm plantation is young with increasing maturity meaning going yield & maturity every year mah...!! 4. It has big timber hectare ...that can put to good use when timber price improve loh...!! 5. It hold cic or loytape which is listed & which involve with covid19 special distancing marking mah...!! 6. The directors now are buying wtk mah...!!
Most importantly at 37 sen....wtk is a cash rich screaming undervalue buy with very big margin of safety mah...!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bulldog
12,157 posts
Posted by bulldog > 2020-06-23 14:55 |
Post removed.Why?